Rashmi Rare Earth Profile
Key Indicators
- Authorised Capital ₹ 36.00 Cr
- Paid Up Capital ₹ 21.00 Cr
- Company Age 13 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 45.18 Cr
- Satisfied Charges ₹ 1.00 Cr
- Revenue Growth -67.79%
- Profit Growth -326.03%
- Ebitda -171.52%
- Net Worth -43.34%
- Total Assets -9.14%
About Rashmi Rare Earth
Rashmi Rare Earth Limited (RREL) is a leading Public Limited Indian Non-Government Company incorporated in India on 08 April 2011 and has a history of 13 years and ten months. Its registered office is in Kolkata, West Bengal, India.
The Company is engaged in the Information Technology Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 36.00 Cr and a paid-up capital of Rs 21.00 Cr.
The company currently has active open charges totaling ₹45.18 Cr. The company has closed loans amounting to ₹1.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Rashmi Rare Earth Limited India is Kinjal Desai as CFO. Binod Gupta, Jaiprakash Rai, and Krishnendu Sahoo serve as directors at the Company.
Company Details
- Location
Kolkata, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U32100WB2011PLC161595
- Company No.
161595
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
08 Apr 2011
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Information Technology
What products or services does Rashmi Rare Earth Limited offer?
Rashmi Rare Earth Limited offers a wide range of products and services, including Mobile Phone & Accessories, Mobile Phone Charger.
Who are the key members and board of directors at Rashmi Rare Earth?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kinjal Desai  | CFO | 13-Jun-2019 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Binod Gupta | Director | 05-Oct-2013 | Current |
| Jaiprakash Rai | Director | 08-Apr-2011 | Current |
| Krishnendu Sahoo | Additional Director | 12-Mar-2021 | Current |
Financial Performance of Rashmi Rare Earth.
Rashmi Rare Earth Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 67.79% decrease. The company also saw a substantial fall in profitability, with a 326.03% decrease in profit. The company's net worth observed a substantial decline by a decrease of 43.34%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Rashmi Rare Earth?
In 2023, Rashmi Rare Earth had a promoter holding of 99.98% and a public holding of 0.02%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Charges (Loans)
Open Charges
₹45.18 Cr
Satisfied Charges
₹1.00 Cr
Charges Breakdown by Lending Institutions
- Indian Bank : 45.18 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Dec 2021 | Indian Bank | ₹1.76 Cr | Open |
| 31 Oct 2020 | Indian Bank | ₹3.42 Cr | Open |
| 24 Mar 2019 | Indian Bank | ₹40.00 Cr | Open |
| 29 Dec 2017 | Others | ₹1.00 Cr | Satisfied |
How Many Employees Work at Rashmi Rare Earth?
Rashmi Rare Earth has a workforce of 21 employees as of Dec 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Rashmi Rare Earth, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Rashmi Rare Earth's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Rashmi Rare Earth
Recent activity within the organization
- Annual General Meeting
Rashmi Rare Earth Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Rashmi Rare Earth Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.
- Charges
A charge with Indian Bank amounted to Rs. 1.76 Cr with Charge ID 100514368 was registered on 22 Dec 2021.
- Director Appointment
Krishnendu Sahoo was appointed as a Additional Director was appointed as a Additional Director on 12 Mar 2021 & has been associated with this company since 3 years 11 months .
- Charges
A charge with Indian Bank amounted to Rs. 3.42 Cr with Charge ID 100383353 was registered on 31 Oct 2020.
- Director Appointment
Kinjal Desai was appointed as a Cfo was appointed as a Cfo on 13 Jun 2019 & has been associated with this company since 5 years 8 months .
Frequently asked questions
What is the Incorporation or founding date of Rashmi Rare Earth Limited?
Rashmi Rare Earth Limited was incorporated on 08 Apr 2011.
What is authorized share capital and paid-up capital of Rashmi Rare Earth Limited?
The authorized share capital of Rashmi Rare Earth Limited is ₹ 36.00 Cr and paid-up capital is ₹ 21.00 Cr.
Who are the current board members & directors of Rashmi Rare Earth Limited?
Currently 4 directors are associated with Rashmi Rare Earth Limited.
- Binod Gupta
- Jaiprakash Rai
- Krishnendu Sahoo
- Kinjal Desai
What is the registered address of Rashmi Rare Earth Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Rashmi Rare Earth Limited is 1St Floor 9 A.J.C.Bose Rd India, Kolkata, West Bengal, 700017.
What is the corporate identification number (CIN) and company number of Rashmi Rare Earth Limited?
The corporate identification number (CIN) of Rashmi Rare Earth Limited is U32100WB2011PLC161595 and the company number is 161595 as per Ministry of Corporate Affairs (MCA).
What is the official website of Rashmi Rare Earth Limited?
The Official website of Rashmi Rare Earth Limited is https://www.rrel.co.in
What has been the recent revenue trend for Rashmi Rare Earth Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Rashmi Rare Earth Limited has fallen by -67.79%.
How many employees does Rashmi Rare Earth Limited currently have?
As Per 2022 financial reports, 21 employees are currently employed by Rashmi Rare Earth Limited.
What change has been observed in the net worth of Rashmi Rare Earth Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Rashmi Rare Earth Limited has experienced an downturn of -43.34%.
What are the total open charges for Rashmi Rare Earth Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Rashmi Rare Earth Limited amount to ₹ 45.18 Cr.
When was the last Balance Sheet of Rashmi Rare Earth Limited filed with the ROC?
The most recent Balance Sheet for Rashmi Rare Earth Limited was filed with the ROC on 31 Mar 2023.
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